China Financial News and Headlines: stock markets, securities, banking and funds

Jul 08, 2023 06:14 AM

Central Bank Slaps Hefty Fines on Three Major Financial Institutions
Ping An Bank, Postal Savings Bank and PICC Property and Casualty penalized for violations including customer protection, data collection and risk management
Jul 07, 2023 21:35 PM

Court Rules Primavera Wronged Investors With Ant Share Sale, Upholds Rulings Against Ping An Trust
Shenzhen court says PE firm founded by financier Fred Hu should hand over all its gains from the stake sale so they can be returned to investors
Jul 07, 2023 20:30 PM

Ex-Chinese Central Banker Probed for Suspected Graft
Zhang Jianjun, who served as president of the PBOC’s Shenzhen branch, is under investigation for suspected severe violations of law and Communist Party discipline
Jul 07, 2023 04:34 AM

Goldman Slashes Stock Ratings of Big Chinese Banks
The $4.69 trillion of local government debt held by 12 state-owned and private banks threatens earnings and dividends, the Wall Street bank finds
Jul 06, 2023 20:55 PM

Chart of the Day: Chinese Mutual Funds Reap Rewards From AI, Offshore Investments
Funds investing in ChatGPT-concept stocks, as well as game and anime-related companies were among the biggest winners in the past six months, while those heavy in medicine, consumption or new energy sectors fared poorly
Jul 05, 2023 15:03 PM

Shanghai Composite Index Fell 0.69% on Wednesday
Shenzhen Component Index closed down 0.91%
Jul 05, 2023 06:17 AM

Jinke May Get a Restructuring Lifeline From Bad Debt Manager
Unit of Great Wall Asset Management agrees to consider a role in a reorganization of the cash-strapped Chongqing-based developer
Jul 05, 2023 03:37 AM

Ding Xuedong Named Deputy Chairman of $360 Billion Social Security Fund Manager
Former CIC chief and former executive deputy secretary-general of State Council fills a 2½-year-old vacancy at National Council for Social Security Fund
Jul 04, 2023 05:19 AM

Ruizhong Life Debuts as Tomorrow-Linked Insurer Completes Revamp
Financial regulator clears the way for successor to Huaxia Life to go into business, concluding a three-year risk-disposal operation
Jul 03, 2023 15:03 PM

Shanghai Composite Index Rose 1.31% on Monday
Shenzhen Component Index closed up 0.59%
Jul 01, 2023 20:45 PM

Exclusive: Chinese Insurance Giant PICC to Get New President, Sources say
The state-owned company is said to tap finance veteran Zhao Peng for the position
Jul 01, 2023 19:20 PM

China Central Bank Deputy Governor Pan Gongsheng Named as Party Chief
Pan takes over from Guo Shuqing, possibly putting him on track to replace Governor Yi Gang, who vacated the position of deputy party secretary
Jul 01, 2023 18:32 PM

Senior China Cabinet Official Named Party Chief at Social Security Reserve Fund, Source Says
Ding Xuedong said to take over the position at the National Council for Social Security Fund
Jul 01, 2023 06:04 AM

Exclusive: CDB Seeks to Offload Financial Leasing Unit
China Development Bank has been trying to sell CDB Leasing for years to refocus on core mission of infrastructure and key industry development
Jun 30, 2023 19:28 PM

JPMorgan Asset Management (China) Names New Head
Desiree Wang, a finance industry veteran with more than 23 years of experience, joined JPMAM in 2008 after stints at BlackRock and ICBC
Jun 30, 2023 15:03 PM

Shanghai Composite Index Rose 0.62% on Friday
Shenzhen Component Index closed up 1.02%
Jun 30, 2023 02:48 AM

HKEX and BSE Agree to Dual Listing of Stocks
Qualified companies traded in Beijing can apply to the Hong Kong bourse and vice versa as the stock markets open the door for long-term cooperation
Jun 29, 2023 03:45 AM

HKEX to Cut IPO Settlements to Two Days on New Platform
Exchange plans October rollout of cloud-based digital platform called FINI to replace uncompetitive current five-day IPO settlement system
Jun 28, 2023 03:31 AM

Ex-PBOC Governor Rebuts Criticism of Belt and Road Financing as ‘Debt-Trap’
Accusations stem from ‘political tendency to smear China,’ Zhou said
Jun 27, 2023 16:40 PM

China Tightens Grip on Markets After Selloff in Currency, Stocks
PBOC steps up support for slumping yuan by setting the daily reference rate far stronger than estimates